American Century Companies Inc. Increases Stock Position in Sunrun Inc. $RUN

Key Points

• American Century Companies Inc. increased its stake in Sunrun Inc. by 14.9%, purchasing an additional 23,772 shares, bringing its total ownership to approximately 0.08% valued at $1,072,000.
• Several institutional investors have significantly raised their positions in Sunrun, with Greenvale Capital LLP increasing its stake by 50.3% and Sylebra Capital LLC growing its stake by 124.0% during the fourth quarter.
• Sunrun recently reported strong quarterly earnings, with an EPS of $1.07, surpassing expectations, and revenue of $569.34 million, which was above analyst estimates of $555.42 million.

American Century Companies Inc. lifted its stake in Sunrun Inc. (NASDAQ:RUN - Free Report) by 14.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 182,961 shares of the energy company's stock after buying an additional 23,772 shares during the period. American Century Companies Inc. owned approximately 0.08% of Sunrun worth $1,072,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Sunrun by 8.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 662,211 shares of the energy company's stock valued at $6,125,000 after purchasing an additional 52,176 shares in the last quarter. Sowell Financial Services LLC bought a new stake in Sunrun during the first quarter worth $273,000. Greenvale Capital LLP lifted its stake in Sunrun by 50.3% during the fourth quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company's stock worth $124,875,000 after purchasing an additional 4,516,793 shares during the last quarter. GAMMA Investing LLC lifted its stake in Sunrun by 572.1% during the first quarter. GAMMA Investing LLC now owns 71,896 shares of the energy company's stock worth $421,000 after purchasing an additional 61,198 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its stake in Sunrun by 27.1% during the first quarter. Public Sector Pension Investment Board now owns 711,391 shares of the energy company's stock worth $4,169,000 after purchasing an additional 151,474 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

Analyst Upgrades and Downgrades

RUN has been the subject of several recent analyst reports. BMO Capital Markets upped their target price on Sunrun from $8.00 to $10.00 and gave the stock an "underperform" rating in a research note on Thursday, August 7th. UBS Group upped their price target on shares of Sunrun from $15.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Oppenheimer upped their price target on shares of Sunrun from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Wells Fargo & Company upped their price target on shares of Sunrun from $8.00 to $14.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Finally, JPMorgan Chase & Co. upped their price target on shares of Sunrun from $16.00 to $20.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $14.63.

Sunrun Stock Performance

RUN stock traded up $1.75 during midday trading on Friday, reaching $18.18. 17,570,626 shares of the company's stock traded hands, compared to its average volume of 16,655,941. The company has a 50-day moving average price of $12.18 and a two-hundred day moving average price of $9.13. The company has a debt-to-equity ratio of 3.70, a quick ratio of 1.02 and a current ratio of 1.41. Sunrun Inc. has a 52 week low of $5.38 and a 52 week high of $21.77. The firm has a market capitalization of $4.19 billion, a PE ratio of -1.57 and a beta of 2.21.

Sunrun (NASDAQ:RUN - Get Free Report) last issued its earnings results on Wednesday, August 6th. The energy company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.18) by $1.25. The business had revenue of $569.34 million for the quarter, compared to analysts' expectations of $555.42 million. Sunrun had a negative net margin of 120.59% and a positive return on equity of 14.19%. The business's revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 EPS. As a group, equities analysts anticipate that Sunrun Inc. will post -0.43 EPS for the current year.

Insiders Place Their Bets

In related news, insider Jeanna Steele sold 17,417 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $16.25, for a total transaction of $283,026.25. Following the completion of the sale, the insider directly owned 422,203 shares in the company, valued at $6,860,798.75. This represents a 3.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mary Powell sold 11,509 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $10.80, for a total value of $124,297.20. Following the completion of the sale, the chief executive officer directly owned 893,240 shares in the company, valued at $9,646,992. The trade was a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 70,314 shares of company stock valued at $910,283 over the last quarter. Insiders own 3.37% of the company's stock.

Sunrun Profile

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.